 Henry Lindeman left his position as superintendent in Lindeman & Sons to join piano manufacturers Ivers & Pond in Boston towards the beginning of 1899.Henry Lindeman filed a petition for bankruptcy the same year, declaring his liabilities as $104,345 with no assets, but by that November he formed the Victoria Piano Company, with a factory on 157-159 East 128th street.By 1900 S. G. Lindeman's place on the board of the firm was taken by William C. Sherwood.